2023年9月18日 · What Is Cost, Insurance, and Freight (CIF)? Cost, insurance, and freight (CIF) is an international shipping agreement, which represents the charges paid by a seller to cover the costs,...

2024年9月26日 · Cost, insurance, and freight (CIF) and free on board (FOB) are international shipping agreements used in the transportation of goods between a buyer and a seller. They're part of a set of 11...

2025年2月20日 · Cost, Insurance and Freight (CIF) is an Incoterm rule that is identical to the CFR Incoterm rule except in one aspect: insurance. Even though the risk transfers to the seller upon loading the goods on board the vessel, in CIF, the seller is obliged to take out insurance cover for the buyer’s risk.

2025年1月13日 · Under the Incoterms 2020 rules, CIF means the seller is responsible for loading properly packaged goods on board the vessel they’ve nominated, cost of carriage to the named port of destination on the buyer’s side, and insurance to that point. CIF is one of only two Incoterms 2020 rules that identify which of the parties must purchase insurance.

Standardized by the International Chamber of Commerce, CIF is a testament to streamlined trade. But what exactly does it denote? CIF stands for Cost, Insurance, and Freight. The seller covers all transport costs to the buyer's destination port, insurance for the shipment through its final delivery. Still, it is a bit more complex.

2024年11月11日 · Cost, Insurance, and Freight (CIF) is one of the most widely used Incoterms (International Commercial Terms) for shipping, especially for maritime transport. When CIF terms are in play, the seller covers all costs, insurance, and freight up to …

CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three. When purchasing internationally, the seller is responsible for exporting the cargo and shipping it until they arrive at the destination port, while insuring the cargo throughout the voyage.

2023年10月6日 · Cost, Insurance, and Freight (CIF) is one of the 11 Incoterms® rules set by the International Chamber of Commerce. It’s an international shipping agreement, which represents the charges paid by a seller to cover the costs, insurance, and freight of a buyer's order while the cargo is in transit.

2020年5月15日 · CIF Incoterms® meaning. There are 11 Incoterms® rules in total, and CIF – standing for cost, insurance and freight – is one of four that relate only to waterbound transportation. That means either sea freight or transportation via inland waterways. CIF shouldn’t be used for air or land transportation, or for containerized goods.

In practice it should be used for situations where the seller has direct access to the vessel for loading, e.g. bulk cargos or non-containerised goods. For containerised goods, consider ‘Carriage and Insurance Paid CIP’ instead. Seller arranges and pays for transport to named port.